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Property profile & analytics
OFF-MARKET
Estimated value
$1,105,000
Garden apartment buildings
21919 Clay Rd 351 Katy, TX 77449-6460
Individually Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US83-0432714
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
2019
Construction
METAL FRAME
Total area
25,042 SF
Lot
15.25 ac (664,329 SF)
APN
1382060010001
UPID
US83-0432714
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
TD Cube Fashion (Bike/Boat/Book/etc) Store
-
Upchurchs Music Radio Radio Station Telecommunications Service
-
KOR Ministries LLC Church
-
Tree of Life Landscaping Services LLC Landscaping General Contractor
-
Seville at Clay Crossing Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$850k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.36M
Blend (final)
Blend
$1.11M
Owner & transaction history
Jovan Didier Hernandez · 1 yrs held
Jovan Didier Hernandez
since 2025
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.6M
+140.0%
Warehouse, storage
$1.1M
+59.4%
Industrial (general)
$790,000
+18.4%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Katy submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Katy submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$850,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$665,000
Current use
AUTO REPAIR, GARAGE
$1,600,000
Change: +140% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,060,000
Change: +59% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$790,000
Change: +18% · Conversion: Difficult
Blend value · Realmo final
$1.11M
Range $995k – $1.22M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$44 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$971,335
Tax year 2022
Assessed value
$53,498,880
Assessed 2024
Previous assessed
$55,362,820
-3.4% YoY
Effective rate
1.82%
On assessed value
Assessed land
$5,112,078
Assessed improvement
$48,386,802
Land market value
$5,112,078
Improvement market value
$48,386,802
Total market value
$53,498,880
Applied tax rate
19.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
2019
Construction
METAL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
18
Stories
3
Total area
25,042 SF
Lot
15.25 ac (664,329 SF)
APN
1382060010001
UPID
US83-0432714
Jurisdiction
HARRIS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$665,000
AUTO REPAIR, GARAGE
Est. value
$1.6M
WAREHOUSE, STORAGE
Est. value
$1.1M
INDUSTRIAL (GENERAL)
Est. value
$790,000
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2019
Construction
METAL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
18
Lot
15.25 ac
Current owner
From public records · entity-resolved
Jovan Didier Hernandez
Individual
Mailing address
1001 BRICKELL BAY DR STE #1504, MIAMI, FL 33131-4938
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 14, 2025
—
Jovan Didier Hernandez
Tri Pointe Homes Texas INC
Deed
$377,939 · Tri Pointe Connect LLC
Dec 22, 2021
—
Lj Seville LLC
—
Deed
related
$49,140,000 · Greystone Servicing Company LLC
Mar 5, 2019
—
Blz Clay 99 LP
—
Deed
related
$30,364,750 · Trustmark Nat'l Bk
Feb 15, 2019
—
Blz Clay 99 LP
Csn Capital LLC
Grant Deed
related
—
May 24, 2018
—
Harris Cnty Muni Utility Distr
Nantucket Housing LLC
Grant Deed
related
—
—
—
Blz Clay 99 LP
—
Deed Of Trust
related
$30,364,750 · Trustmark Nat'l Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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